The dividends coming out of AGL Energy Limited (ASX: AGL) shares these days might not be of the same magnitude as days of yore. AGL is an ASX share that has been famously struggling in recent years.

Case in point, the AGL share price was over $23 five years ago.

Today, it is under $8, having lost more than 67% of its value since November 2017.

But despite its recent woes, AGL is still an ASX dividend share. So let’s check out what kind of dividend income an AGL investor would have enjoyed over 2022.  

Here’s how much dividend income AGL shares have paid out this year

So let’s say an investor put $20,000 into AGL shares at the start of the year. AGL finished 2021 at a share price of $6.14, so we’ll use that as our anchor point.

$20,000 would have bought our investor 3,257 AGL shares with the $20,000 of capital at the start of the year, with some change left over.

So AGL has paid out two dividends over 2022. The first was the interim dividend of 16 cents per share that investors received on 30 March. The second was the final dividend of 10 cents per share that was paid out on 27 September. Both payments were unfranked.

Those payments pale in comparison to the kinds of dividends AGL used to pay out. Back in 2017, investors enjoyed an interim dividend worth 41 cents per share, and a final dividend worth 50 cents per share. Those dividends came partially franked at 80% too.

But alas, that was then, not now.

So with our 3,257 AGL shares, 2022’s interim dividend of 16 cents per share would have invited a payment of $521.12. The final dividend of 10 cents per share would have entitled our investor to another payment of $325.70.

Together, that is a total of $846.82 in dividend income from our 3,257 AGL shares. This represents a yield on the $20,000 cost of 4.23%. It would be worth a yield of 3.3% on the AGL share price of $7.88, which is where the company closed at this afternoon.   

The post How much dividend income would $20,000 worth of AGL shares have netted you in 2022? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• 5 of the craziest things making news on the ASX this week
• AGL share price slips amid Cannon-Brookes’ board victory
• Why did the AGL share price lag the ASX 200 on Monday?
• Could the flurry of recent takeover bids mean ASX 200 shares are going cheap right now?

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Despite posting a strong start to Monday’s session, the S&P/ASX 200 Index (ASX: XJO) finished the day in the red. As of today’s close, the index was down 0.17% at 7,139.3 points.

Leading the fall were many ASX 200 miners. The S&P/ASX 200 Materials Index (ASX: XMJ) closed Monday’s session 1.5% lower with Fortescue Metals Group Limited (ASX: FMG)’s 3.8% fall weighing it down.

The tech sector also underperformed, with the S&P/ASX 200 Technology Index (ASX: XIJ) plunging 1.5%. Giants Block Inc (ASX: SQ2) and Xero Limited (ASX: XRO) were among its worst performers.

Though, not all was dire on the Aussie bourse today.

The S&P/ASX 200 Utilities Index (ASX: XUJ) led today’s gains, surging 1.8% higher.

The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) also put out a decent gain, lifting 0.9%.

All in all, seven of the index’s 11 sectors closed in the green on Monday. But which share rocketed higher to take out today’s crown? Keep reading to find out.

Top 10 ASX 200 shares countdown

Today’s top-performing ASX 200 stock was AGL Energy Limited (ASX: AGL). Interestingly, there’s been no news from the company since the dramatic outcome of its annual general meeting (AGM) last week.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
AGL Energy Limited (ASX: AGL)	$7.88	4.23%
Atlas Arteria Group (ASX: ALX)	$6.90	3.76%
Whitehaven Coal Ltd (ASX: WHC)	$8.45	3.17%
Karoon Energy Ltd (ASX: KAR)	$2.34	3.08%
Liontown Resources Limited (ASX: LTR)	$2.03	3.05%
Kelsian Group Ltd (ASX: KLS)	$5.33	2.9%
Lovisa Holdings Ltd (ASX: LOV)	$24.45	2.52%
Chorus Ltd (ASX: CNU)	$7.59	2.43%
Auckland International Airport Limited (ASX: AIA)	$7.45	2.34%
GrainCorp Ltd (ASX: GNC)	$8.23	2.24%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Why Liontown, Lovisa, Myer, and Whitehaven Coal shares are pushing higher
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why is the Rio Tinto share price trailing the ASX 200 on Monday?
• Leading brokers name 3 ASX shares to buy today
• Is this ASX 200 share the gift that keeps on giving?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Block, Inc., Lovisa Holdings Ltd, and Xero. The Motley Fool Australia has positions in and has recommended Block, Inc. and Xero. The Motley Fool Australia has recommended Lovisa Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Altium Limited (ASX: ALU) share price was out of form and started the week with a disappointing decline.

The electronic design software company’s shares ended the day 3% lower at $36.30.

This compares to a 0.2% decline by the ASX 200 index.

Why did the Altium share price tumble?

Investors were selling down the Altium share price on Monday following the release of the company’s update on its dealings with the Australian Tax Office (ATO).

According to the release, the company has received a formal communication from the ATO in relation to an alleged tax liability.

The release notes that the ATO intends to proceed with issuing amended assessments for the 2016 to 2018 tax years of approximately $80 million. This excludes any penalties and interest, but does not include deductions of global operating costs.

In addition, the ATO has indicated that it will also commence a roll over audit of the subsequent 2019 to 2021 tax years.

Altium’s response

Altium revealed that it disagrees with the ATO on the matter. It believes that the the tax office’s position is based on a misperception of the substance that underpinned Altium’s relocation to China in 2011 and subsequent relocation of its core business assets in 2015 to the United States.

Furthermore, the company regards the amended assessments as “illogical.” This is because it implies an Australian corporate tax rate of approximately 65% of profit before tax.

Altium advised that it continues to engage external legal advisers in relation to this matter and will request an independent internal review of the decision by the ATO. It also plans to vigorously defend its position and, if necessary, contest the matter through litigation proceedings.

The post Why did the Altium share price sink into the red today? appeared first on The Motley Fool Australia.

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• 5 things to watch on the ASX 200 on Monday
• 3 key things I look for when buying ASX dividend shares
• Why is the Altium share price charging higher?
• Why Altium, Pendal, Terracom, and Webjet shares are pushing higher
• Worried about a stock market crash? I’d buy these 5 rock-solid ASX shares to ride it out

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Altium. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) are on course to start the week with a small decline. In late trade, the benchmark index is down 0.1% to 7,142.5 points.

Four ASX shares that have not let that hold them back are listed below. Here’s why they are pushing higher:

Liontown Resources Ltd (ASX: LTR)

The Liontown share price is up 2.5% to $2.06. Investors have been buying this lithium share thanks to a rebound in the industry and the release of the company’s ESG report. Management notes that its ESG report reinforces its “vision to be an ESG leader and a globally significant provider of battery minerals for the rapidly growing clean energy market.”

Lovisa Holdings Ltd (ASX: LOV)

The Lovisa share price is up 2.5% to $24.43. This appears to have been driven by a broker note out of UBS. According to the note, the broker has upgraded the jewellery retailer’s shares to a buy rating with an improved price target of $29.00. This follows the release of a stronger than expected trading update last week.

Myer Holdings Ltd (ASX: MYR)

The Myer share price is up 9% to 72.5 cents. This appears to have been driven by recent news that rival David Jones is a takeover target. Investors may believe that Myer’s shares are trading at attractive multiples based on prices being touted for David Jones.

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price is up 3% to $8.44. Investors have been buying Whitehaven Coal and other coal miners today. This follows a strong end to the week for the coal prices. According to CommSec, the coal Nymex share price rose 3.4% on Friday night. The Whitehaven Coal share price is now up over 200% since the start of 2022.

The post Why Liontown, Lovisa, Myer, and Whitehaven Coal shares are pushing higher appeared first on The Motley Fool Australia.

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• 2 ASX All Ordinaries shares hitting multi-year highs on Monday
• Leading brokers name 3 ASX shares to buy today
• Is this ASX 200 share the gift that keeps on giving?
• Why is the Lake Resources share price smashing the ASX 200 on Monday?
• Why is the Liontown share price having such a roaring start to the week?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Lovisa Holdings Ltd. The Motley Fool Australia has recommended Lovisa Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Materials Index is down 1.45% today, but three ASX mining shares are bucking the trend.

The iTech Minerals Ltd (ASX: ITM), OD6 Metals Ltd (ASX: OD6) and Victory Goldfields Ltd (ASX: 1VG) share prices are all storming higher today.

Let’s take a look at why these three mineral explorers are having such a top run today.

Victory Goldfields

The Victory Goldfields share price is soaring 17% today. Victory is exploring multiple commodities in the Cue Goldfields in Western Australia.

Late last week, Victory provided a rare earths update to the market. The company advised magnetic and gravity survey data provide grounds for a diamond drilling program at the company’s alkaline intrusion prospect. Alkaline intrusions are “engine rooms for rare earth elements and critical metals”, Victory highlighted.

OD6 Metals

The OD6 Metals share price is soaring 27% today to an all-time high. The company joined the ASX this year. OD6 Metals is exploring the Splinter Rock rare earth element (REE) project 150km away from Esperance, Western Australia. The company is also working on the Grass Patch REE project, 100km away from Esperance.

While the company has not released any recent news, earlier in November the company’s share price soared 176% in two days following “outstanding assay results” at Splinter Rock. OD6 discovered widespread, thick, clay hosted REE mineralisation at the project.

iTech Minerals Ltd 

The iTech Minerals share price is soaring nearly 16% today. iTech is exploring the halloysite-kaolinite and rare earth elements project in South Australia. The company is also developing the Campoona Graphite Deposit on the Eyre Peninsula with an aim of supplying the battery materials market.

The company recently conducted a $4.5 million capital raise to fund graphite exploration. A share purchase plan was also offered last week to raise up to $2 million. The company has drilling planned in November and December this year.

The post 3 ASX mining shares surging over 15% on Monday appeared first on The Motley Fool Australia.

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• 3 ASX mining shares that soared more than 20% today
• 3 ASX mining shares that surged over 20% Tuesday
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• Why has ASX mining stock OD6 Metals rocketed 176% in 2 days?
• Guess which ASX mining share just surged 100% on an ‘outstanding’ new rare earths find

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a small decline. At the time of writing, the benchmark index is down 0.15% to 7,141 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping:

Fortescue Metals Group Limited (ASX: FMG)

The Fortescue share price is down 4% to $19.16. This follows broad weakness in the materials sector today, which has made it the worst performing area of the market. This may have been driven by concerns over demand in China.

Healius Ltd (ASX: HLS)

The Healius share price is down 5% to $3.16. This decline could have been driven by a broker out of Ord Minnett this morning. According to the note, the broker has downgraded the healthcare company’s shares to a lighten rating and slashed the price target on them to $2.95.

Nanosonics Ltd (ASX: NAN)

The Nanosonics share price is down 12% to $4.04. This may also have been driven by a broker downgrade. According to a note out of Morgans, have downgraded the infection prevention company’s shares to a hold rating with a $4.91 price target. The broker made the move partly on valuation grounds.

PEXA Group Ltd (ASX: PXA)

The PEXA share price is down 4% to $13.64. Investors have been selling this property settlement platform provider’s shares after its major shareholder, Link Administration Ltd (ASX: LNK), sold down its holding. Link has sold the equivalent of a 4.3% stake in PEXA for a 4.8% discount of $13.50 per share. Link generated total net proceeds of $101.9 million from the sale. It will now distribute the majority of its remaining shareholding to Link shareholders via an in-specie distribution.

The post Why Fortescue, Healius, Nanosonics, and PEXA shares are dropping appeared first on The Motley Fool Australia.

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More reading

• Why is the Rio Tinto share price trailing the ASX 200 on Monday?
• Why is the Fortescue share price getting hammered on Monday?
• Why is the Nanosonics share price crashing 12% today?
• Of all the ASX 200 miners, here’s why I decided to buy Fortescue shares
• Link share price higher on PEXA update

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Link Administration Holdings Ltd, Nanosonics Limited, and PEXA Group Limited. The Motley Fool Australia has positions in and has recommended Nanosonics Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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What a disappointing start to the trading week it has been for the S&P/ASX 200 Index (ASX: XJO) so far this Monday. 

After initially rocketing upwards at market open this morning, the ASX 200 has been losing steam all day. The index is presently down by a rather sad 0.14%, putting it at just over 7,140 points.

But let’s not let that get us down. So instead, it’s time to take a look at the shares currently topping the ASX 200’s share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Monday

South32 Ltd (ASX: S32)

First share up today is the ASX 200 miner South32. This Monday has seen a sizable 14.94 million South32 shares fly around the stock exchange at this point of the day. There’s been no fresh news or announcements out of South32 so far this session, save for a routine share buyback announcement.

So this volume is a probable consequence of the nasty fall South32 has endured today. The miner is currently down 1.02% at $3.87 a share, but South32 fell as low as $3.82 earlier this afternoon.

Pilbara Minerals Ltd (ASX: PLS)

ASX 200 lithium miner Pilbara is our next share to check out. This Monday has had a notable 15.51 million Pilbara shares swapped on the share market thus far. There’s been no news or developments out from Pilbara either.

But this is another ASX 200 share that has seen some significant volatility this session. Pilbara shares initially started the week strong, rising to $4.88 this morning. But investors seem to have gotten cold feet, with the lithium company now down by 0.42% at $4.74 a share. All of this bouncing around is probably eliciting the high volumes we see.

Core Lithium Ltd (ASX: CXO)

Last up today, we have another ASX 200 lithium share in Core Lithium. So far today, a hefty 25.58 million Core shares have been bought and sold on the markets. Core shares had a horrid week last week.

But, as my Fool colleague pointed out today, this week seems to have provided a fresh page for the company. Core Lithium shares are presently up a healthy 0.86% at $1.41 each.

Like Pilbara Minerals, Core shares have been volatile today, trading between $1.40 and 1.47 apiece this session. This is the likely culprit behind the high volumes on display. 

The post Here are the 3 most heavily traded ASX 200 shares on Monday appeared first on The Motley Fool Australia.

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More reading

• Why is the Rio Tinto share price trailing the ASX 200 on Monday?
• Why is the Lake Resources share price smashing the ASX 200 on Monday?
• Core Lithium share price leaps higher for first time in 5 trading sessions
• 3 ASX 200 shares that hiked their dividends by more than 100% this year
• Of all the ASX 200 miners, here’s why I decided to buy Fortescue shares

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Coles Group Ltd (ASX: COL) shares often command the market’s attention. As its one of the S&P/ASX 200 Index (ASX: XJO)’s largest consumer staples stocks ­– boasting a market capitalisation of $23 billion – many market watchers likely wonder whether it’s worth buying.

Particularly, as the supermarket operator’s shares offer a notably better dividend yield than those of its larger peer Woolworths Group Ltd (ASX: WOW).

But are Coles shares worth buying for the dividends alone? Let’s take a look at what experts think.

Right now, the Coles share price is $17.19.

Are Coles shares an ASX 200 dividend buy?

The Coles share price has outperformed that of Woolworths so far this year, falling 4% to the latter’s 9% tumble. That may have led some to consider the ASX 200 supermarket operator over Woolies.

That’s certainly the preference of broker Morgans. It recently said:

Trading on 20.6x [financial year 2023 forward price-to-earnings (P/E) ratio] and 4% yield, we continue to see [Coles] as offering good value with the company’s solid balance sheet and defensive characteristics putting it in a good position to navigate through a weaker economic environment. 

Morgans tips Coles shares to rise to $19.50, slapping it with a buy rating, my Fool colleague James reports. That represents a potential 13% upside.

Additionally, the broker expects Coles to pay out 64 cents of dividends per share this financial year and 66 cents per share next.

For reference, it offered shareholders 63 cents per share in financial year 2022, leaving it with a 3.66% dividend yield at the time of writing. That’s likely music to the ears of investors looking for growing dividends.

Comparatively, Woolies stock trades with a 2.63% yield right now. Both supermarket operators offer fully-franked dividends, meaning they can bring additional benefits to some investors come tax time.

Thus, a dividend-focused investor might favour Coles as the supermarket share to buy at the moment.

Though, it’s worth noting that Goldman Sachs tips Coles as a sell, placing a $15 price target on its stock. It prefers Woolworths shares.

The post Are Coles shares worth buying for dividends right now? appeared first on The Motley Fool Australia.

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• Experts name 2 ASX shares with fully franked dividend yields to buy next week
• If you’d bought $10,000 worth of Wesfarmers shares in January, this is how much you’d have earned in dividends
• Which stocks are in the Vanguard Australian Shares Index ETF (VAS) right now?
• How to have your ASX 200 dividend cake and eat it too
• Here’s how much dividend income $10,000 worth of Coles shares will get you today

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs. The Motley Fool Australia has positions in and has recommended COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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NIB Holdings Limited (ASX: NHF) shares are pushing higher again on Monday.

At the time of writing, the private health insurer’s shares are up almost 1% to $7.20.

This adds to the decent gains NIB’s shares have made since the Medibank Private Ltd (ASX: MPL) cyber incident became public.

How much have NIB’s shares risen since the incident?

First things first, the NIB share price actually sank 12% on the day that Medibank’s hack was announced.

However, that was primarily due to the company raising $150 million to support its expansion into the NDIS market.

NIB raised the funds at $6.90 per new share, which represents an 8.1% discount to its last close price.

So, if we take this out of the equation, you could argue that the NIB share price fell 3.9% in response to news of Medibank’s hack. Investors may have feared that the hackers could have infiltrated their systems as well. But this ultimately wasn’t the case.

So, after accounting for the capital raising, the NIB share price has gained somewhere in the region of 4.5% since the incident. Whereas the Medibank share price has gone the other way and lost almost 20% of its value since the hack was announced.

That’s a relative outperformance of approximately 24% for NIB’s shares. I know which private health insurer I would’ve wanted in my portfolio!

Can its shares keep rising?

The good news for investors is that one leading broker believes the NIB share price can keep rising.

According to a note out of Morgans, its analysts have retained their add rating with an improved price target of $8.54. This implies potential upside of almost 19% for investors over the next 12 months.

Morgans was impressed with the company’s strong start to FY 2023 and has been forced to upgrade its earnings estimates to reflect this. It explained:

We lift NHF FY23F/FY24F EPS by 11%/2% reflecting more favorable underlying growth trends than expected and also a lift to investment income assumptions. Our PT rises marginally to A$8.54 (previously A$8.27).

Overall, the broker believes NIB’s outlook is positive and its shares are trading at an attractive level. It concludes:

NHF is a well-run company, and the near-term operating environment remains favourable for its key Australian Residential Health Insurance business (assisted by a benign claims environment). Covid-19 headwinds that were affecting some of NIB’s other businesses, e.g. IIHI and Travel etc. also appear to be easing. With NIB trading at a >10% discount to our target price, we maintain our ADD call.

The post Guess how much NIB shares have gained since Medibank’s cyber attack? appeared first on The Motley Fool Australia.

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• Top 10 signs you’ve been crypto-scammed
• Here are the top 10 ASX 200 shares today
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended NIB Holdings Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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S&P/ASX 200 Index (ASX: XJO) bank shares have received a lot of airtime in the financial media in the latter half of 2022 amid the new dawn of rising interest rates.

When the Reserve Bank of Australia (RBA) lifted rates from the historic low 0.10% to the still rock bottom 0.35% in May, it represented the first tightening from the central bank in more than a decade.

As rates continued to march higher to today’s 2.85%, with more hikes likely, investors have sought out shares that are more likely to outperform in a higher rate environment.

You’ll often find ASX 200 bank shares on that list. That’s because higher rates enable big bank stocks like Australia and New Zealand Banking Group Ltd (ASX: ANZ), National Australia Bank Ltd (ASX: NAB), Westpac Banking Corp (ASX: WBC) and Commonwealth Bank of Australia (ASX: CBA) to increase their net interest margins.

Yet, as rates ratchet ever higher, that NIM benefit stands to be outweighed by increasing levels of bad debts among the bank’s stressed customers.

So are ASX 200 bank shares in for some turmoil ahead or a buying opportunity hiding in plain sight?

Are ASX 200 bank shares a buying opportunity?

According to analysts at Citi, the big banks are well positioned to handle the coming increase in non-performing loans.

That’s not to say Citi doesn’t expect to see more borrowers default. Its analysts are forecasting a “material pick-up in new impaired assets”. However, the broker believes the banks have prepared for that pick-up by increasing their provisions.

According to Citi (courtesy of The Australian):

Despite better revenues than expected, [ASX 200] banks’ share prices have had muted reactions, with investors’ minds likely looking forward to the impact on asset quality… Unlike past BDD events (GFC, Covid), stress coming from higher rates is an event the banks are anticipating. Consequently, collective provisions are very full, and incremental stress will flow through the individual provision.

Citi has a bullish outlook on the ASX 200 banks when compared to other sectors in the face of economy-hindering high inflation and rising interest rates.

“With bank balance sheets anticipating pending stress in the economy, as opposed to other sectors, we think it should hold them in a good relative position,” the analysts said.

Citi added:

[Investors need] to draw a distinction between the deterioration in asset quality (which we agree with), and how it plays through the banks profit and losses. Our forecasts don’t imply that the credit stress may be lower than what many expect, only that the provisions are largely prepared for the anticipated event.

How have the big banks fared since rates have started rising?

Over the past six months, the ASX 200 is down a slender 0.2%.

As for the big bank shares, the CBA share price is up 1.8%; Westpac shares are up 2.1%; the NAB share price has dipped 0.3%; and ANZ shares are down 1.6%.

If Citi has this right and ASX 200 investors have been overly pessimistic about the coming rise in bad debts, the big bank shares could indeed prove to be an opportunity hiding in plain sight.

The post Are ASX 200 bank shares a buying opportunity hiding in plain sight? appeared first on The Motley Fool Australia.

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Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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